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- Which ministry recently (in July’22) issued guidelines for the Centrally Sponsored Scheme (CSS) “Mission Vatsalya”?
1) Ministry of Housing and Urban Affairs
2) Ministry of Health and Family Welfare
3) Ministry of Rural Development
4) Ministry of Women and Child Development
5) Ministry of Agriculture & Farmers WelfareAnswer-4) Ministry of Women and Child Development
Explanation:
The Ministry of Women and Child Development(MoWCD), the nodal Ministry for ensuring the welfare of children, has issued guidelines for the Centrally Sponsored Scheme (CSS) “Mission Vatsalya”, formerly known as the Child Protection Services (CPS) Scheme, since 2009-10, for the welfare and rehabilitation of children.
i. The primary objective of Mission Vatsalya is to ensure that every child in India has a healthy and happy childhood.
ii. Under the Chairmanship of the Secretary, MoWCD, the Mission Vatsalya Project Approval Board (PAB) would scrutinize and approve the annual plans and financial proposals received from the States/UTs for the release of grants under the scheme. - Name the ministry that recently (in July’22) signed an MoU with SBICAP Ventures Ltd. (SVL) to set up a Trilateral Development Cooperation (TDC) Fund.
1) Ministry of Cooperation
2) Ministry of External Affairs
3) Ministry of Finance
4) Ministry of Commerce and Industry
5) Ministry of Skill Development and EntrepreneurshipAnswer-2) Ministry of External Affairs
Explanation:
SBICAP Ventures Ltd. (SVL), an Indian alternative asset manager, has signed an MoU with the Ministry of External Affairs (MEA) to create the Trilateral Development Cooperation Fund (TDC Fund) for joint projects with global partners.
i. India would contribute approximately Rs. 175 crores (£17.5 million) to the Global Innovation Development Fund (GIP Fund) through the TDC Fund.
ii. The Trilateral Development Cooperation (TDC) Fund, a platform recently launched by the MEA, will integrate the public and private sectors with state support for large-scale investments in the Indo-Pacific region (which includes the tropical waters of the Indian Ocean, the western and central Pacific Oceans, and the seas connecting the two in the general area of Indonesia) and other regions. - Which of the following points is ‘Incorrect’ with respect to the 25th Financial Stability Report released by RBI in July 2022?
A) Scheduled commercial banks maintained robust capital positions, with the Capital to Risk-Weighted Assets Ratio & CET-1 Ratio as high as 16.7% & 13.6% respectively, in March 2022.
B) The number of Demat accounts of individuals increased 3.4 times on Central Depository Services (India) Limited since January 2020.
C) The Gross Non-Performing Assets (GNPAs) of SCBs fell to a three-year low of 3.9% in March 2022 from 8.4% in March 2021.
1) Only A
2) Only B
3) Only C
4) Only A & B
5) Only B & CAnswer-3) Only C
Explanation:
The Reserve Bank of India (RBI) released the 25th issue of the Financial Stability Report (FSR) which reflects the collective assessment of the Sub-Committee of the Financial Stability and Development Council (FSDC) on risks to financial stability and the resilience of the financial system.
As per the report, the global economy outlook is considerably uncertain because of the Russia-Ukraine war.
i. Scheduled commercial banks (SCBs) maintained robust capital positions, with the Capital to Risk Weighted Assets Ratio (CRAR) and Common Equity Tier 1 (CET-1) Ratio of SCBs as high as 16.7% and 13.6% respectively in March 2022.
ii. The number of demat accounts of individuals increased 3.4 times on Central Depository Services (India) Limited, and 1.5 times on National Securities Depository Limited (NSDL) since January 2020.
iii. As per the report, The Gross Non-Performing Assets (GNPAs) of SCBs fell to a six-year low of 5.9% in March 2022 from 7.4% in March 2021 and could fall further to 5.3% by March 2023. - Name the bank that recently (in July’22) partnered with Tata AIA Life Insurance to provide life and health insurance solutions.
1) YES Bank
2) HDFC Bank
3) ICICI Bank
4) Axis Bank
5) City Union BankAnswer- 5) City Union Bank
Explanation:
Tata AIA Life Insurance Company Ltd., (Tata AIA Life), one of India’s leading life insurance providers has formed a strategic collaboration with City Union Bank (CUB), a private sector Scheduled Commercial Bank (SCB), in order to provide life and health insurance solutions to the bank’s customers.
i. Through this partnership, both partners will be able to effectively promote insurance awareness and financial planning among consumers across physical and digital consumer-facing platforms.
About City Union Bank:
MD & CEO – Dr. N. Kamakodi
Establishment – 1904
Headquarters – Kumbakonam, Tamil Nadu
Tagline – Trust and Excellence Since 1904 - Which institute recently (in July’22) partnered with Nokia to set up a Centre of Excellence (CoE) to facilitate research in the areas of networked robotics?
1) IIT Guwahati
2) IISc Bengaluru
3) NIT Tiruchirappalli
4) IIT Madras
5) IIT DelhiAnswer- 2) IISc Bengaluru
Explanation:
Nokia has partnered with the Indian Institute of Science (IISc) in Bengaluru, Karnataka to set up a Centre of Excellence (CoE) in order to facilitate research in the areas of networked robotics at IISc Bengaluru.
i. The research lab will promote interdisciplinary research involving robotics and advanced communication technologies in 5G and Artificial Intelligence (AI). It will also develop use cases across industrial automation, agriculture and disaster management. - In July 2022, The Japan Government honored the former PM Shinzo Abe with the Collar of the Supreme Order of the Chrysanthemum, posthumously.
Shinzo Abe became the ______ PM to receive the award under the post-war constitution.
1) 2nd
2) 5th
3) 4th
4) 1st
5) 3rdAnswer- 3) 4th
Explanation:
Explanation:
The Government of Japan honored the former Prime Minister (PM) Shinzo Abe with the Collar of the Supreme Order of the Chrysanthemum, posthumously. It is Japan’s highest award.
i. Shinzo Abe became the fourth PM to receive the award under the post-war constitution. Before Shinzo Abe, other former PMs including Shigeru Yoshida, Eisaku Sato and Yasuhiro Nakasone were also awarded with the same honor.
About the award:
It is the highest honor that a Japanese national can receive in his/her lifetime.
It was introduced by Emperor Meiji of Japan in 1876.
The Supreme Order of the Chrysanthemum is the most prestigious award in Japan.
The Grand Cordon of the Supreme Orders of the Chrysanthemum was established in 1876, and the Collar of the Supreme Orders of the Chrysanthemum in 1888.
Note- India awarded Shinzo Abe the Padma Vibhushan in the field of public affairs in 2021. - Who was recently (in July’22) appointed as India’s new Sherpa for the Group of Twenty (G20)?
1) Anupriya Singh Patel
2) Rajiv Ranjan
3) Piyush Goyal
4) Amitabh Kant
5) Sitikantha PattanaikAnswer-4) Amitabh Kant
Explanation:
The former National Institute for Transforming India (NITI) Aayog Chief Executive Officer (CEO) Amitabh Kant is appointed as India’s new Sherpa for the Group of Twenty (G20) by replacing Piyush Goyal, a Union minister of commerce and Industry.
i. India assumes the presidency from 1st December 2022. Current president of G20 is Indonesia.
ii. Amitabh Kant had served as NITI Aayog CEO for 6 years and had previously served as a secretary of the Department of Industrial Policy and Promotion (currently DPIIT). - In July 2022, Boris Johnson announced his resignation as Prime Minister (PM) of the United Kingdom (UK).
Which of the following books are authored by Boris Johnson?
1) The Dream of Rome
2) Seventy-Two Virgins
3) Why We Want You to Be Rich
4) Only 1 & 2
5) Only 2 & 3Answer-4) Only 1 & 2
Explanation:
United Kingdom (UK) Prime Minister (PM), Boris Johnson announced his resignation as Prime Minister of the UK after he was abandoned by ministers and own party’s lawmakers. He also stepped down as Conservative Party leader.
i. He was forced to quit when 3 cabinet members and more than 40 ministers resigned on 5 July 2022 for demanding his resignation. However, he would serve as the PM until his successor was elected.
ii. He has been serving as PM of the United Kingdom (UK) and Leader of the Conservative Party since 2019.
Famous Books by Boris Johnson:
‘’Seventy-Two Virgins’’
‘’The Dream of Rome’’
‘’The Churchill Factor: How One Man Made History’’ - Padma Awardee Peter Brook recently (in July’22) passed away. In which field did he receive Padma Shri award in 2021?
1) Art
2) Trade and Industry
3) Literature and Education
4) Medicine
5) Science and EngineeringAnswer-1) Art
Explanation:
Peter Brook, the British-born director who perfected the art of staging powerful drama in bizarre venues, has passed away at the age of 97 in Paris, France. He was Born in London, United Kingdom in 1925.
i. Peter Brook is best known in India for his production of the French play “Le Mahabharata” (The Mahabharata), which was based on the Sanskrit epic, by Jean-Claude Carriere. The masterpiece was first staged in 1985 by Brook, who later translated it into English in 1987.
ii. Peter Brook was conferred the Padma Shri in 2021 in the field of Art. - When was International Malala Day 2022 celebrated across the globe?
1) 13th July 2022
2) 10th July 2022
3) 12th July 2022
4) 9th July 2022
5) 11th July 2022Answer-3) 12th July 2022
Explanation:
The International Malala Day 2022 was celebrated on 12th July 2022 on the occasion of young activist Malala Yousafzai’s birthday.
i. The day is marked to honor the young women who have been advocating for female education.
ii. She became the world’s youngest Nobel Prize laureate at the age of 17 years in 2014 and She is the second Pakistani to receive a Nobel Prize after 1979 Physics laureate Abdus Salam and the first Pashtun to ever receive a Nobel Prize.
iii. Books: “I Am Malala: The Girl Who Stood Up for Education and Was Shot by the Taliban’’ an autobiography of Malala,co-written with Christina Lamb was launched in 2013.
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